$PNUT/USDT Technical Analysis: Optimized Targets for Gains
Current Status:
PNUT is trading at $0.5670, recovering from a dip to $0.5210. The market shows signs of stabilization, presenting opportunities for both bullish and bearish traders.
Bullish Scenario:
Entry: Around support at $0.5500
Targets:
Target 1: $0.5750
Target 2: $0.5900
Stop-loss: Below $0.5400
Bearish Scenario:
Entry: If rejected near resistance at $0.5750
Targets:
Target 1: $0.5500
Target 2: $0.5300
Stop-loss: Above $0.5850
Market Insight:
PNUT is trading near critical levels. The RSI indicates mild strength, suggesting potential movement in either direction. Traders should monitor a breakout above $0.5750 for bullish momentum or a retest of $0.5300 for bearish opportunities. Tight targets offer controlled risk and higher probability trades.